Eni takes control of offshore Vietnam block

April 12, 2021
Eni has acquired from KrisEnergy 100% participating interest and the operatorship of block 115/09 offshore central Vietnam.

Offshore staff

SAN DONATO MILANESE, Italy – Eni, through its affiliate Eni Vietnam, has acquired from KrisEnergy (Vietnam 115) Ltd. a 100% participating interest and the operatorship of block 115/09 offshore central Vietnam.

The area is adjacent to block 114 where operator Eni Vietnam and its partner Essar Exploration and Production Ltd. made the Ken Bau gas and condensate discovery, which is currently under appraisal.

The new acreage also borders block 116, which Eni Vietnam operates with 100% participating interest.

The block covers an area of 7,382 sq km (2,850 sq mi), with water depth ranging from 90 m to 1,000 m (295 ft to 3,281 ft).

The company said the acquisition is in line with its strategy of expanding its gas portfolio in the Asian Far East.

Also, the company operates five blocks in the underexplored Song Hong and Phu Khanh basins offshore central Vietnam.

04/12/2021